Oct 1, 2009 Report No：09-15
Lifecycle Funds and Wealth Accumulation for Retirement: Evidence for a More Conservative Asset Allocation as Retirement
A line of recent studies cast doubt on the efficacy of the lifecycle investment strategy, which calls for switching into a more conservative investment portfolio as retirement approaches, as a suitable way to provide for the retirement needs of workers with defined-contribution pensions.
Journal of Economic Literature Classification Number: D14, D81, G11, G23
|Keywords||lifecycle funds, target date funds, retirement planning, asset allocation|